Magnify Cash
Ethereum$MAG# Welcome to Magnify Cash! 🙌
**Magnify Cash** is a decentralized credit market, enabling users to lend ERC-20 tokens and borrow against NFTs and RWAs with unmatched flexibility and transparency. By enabling permissionless and non-custodial lending and borrowing with any onchain asset, Magnify Cash aims to accelerate the world's transition to decentralized finance and make financing accesible to all.
**Empowering Decentralized Credit Markets** (DCMs): Unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and other digital assets through permissionless lending desks.
**Problems Addressed:**
- Limited liquidity for diverse digital assets.
- Centralized and custodial lending limitations.
# Main Products 💡
- **Permissionless Lending Desks**: Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets.
- **Decentralized Borrowing Options**: Provide lending solutions without intermediaries.
# Summary ✅
# Features 🔥
- Permissionless creation and management of lending desks
- Enhanced liquidity options for all digital assets.
- Seamless, asset-backed lending and borrowing
- Universal support for lending currencies (**any ERC-20:** ETH, Stables, Memes, LP Tokens, LSTs, FYTs, Index Tokens, etc.)
- Universal support for loan collateral (**any ERC-1155 / ERC-721:** NFTs, PFPs, and RWAs such as art, bonds, real estate, luxury goods, and more!)
- No whitelisting or governance required to list new assets
- Lending desk liquidity auto-compounds upon loan repayment
- Fixed-term loans; no surprises!
# What Sets Magnify Cash Apart ✨
Magnify Cash addresses common bottlenecks that exist in the current onchain lending and borrowing landscape. By eliminating bottlenecks such as centralization, restricted support for assets, and common risk factors, Magnify Cash makes the lending and borrowing process much more customizable, seamless and secure!
The core value of Magnify Cash is decentralization, so it was imperative that this be reflected in not just the protocol, but also the $MAG token. That is why $MAG is being released through an LBP with an initial circulating supply of up to 77.62% at launch! Our goal is to distribute $MAG widely into the hands of real users!
# Tokenomics 📄
**Allocation breakdown of 880,000,000 total $MAG supply:**
- $MAG Genesis LBP - 57.00% (501,600,000 MAG tokens)
- Lock & Burn Liquidity - 6.00% (52,800,000 MAG tokens)
- Liquidity Providers & Farming - 7.70% (67,760,000 MAG tokens) *(24-month vesting)*
- Protocol Partners - 3.10% (27,280,000 MAG tokens)
- Former Ecosystem - 13.60% (119,680,000 MAG tokens)
- Growth Fund - 12.50% (110,000,000 MAG tokens) *(24-month vesting)*
**Initial circulating supply: 77.62%**
# Initial Listing & Liquidity 📈
- Magnify Cash plans to initially list $MAG on Uniswap V2
- A combination of LBP funds and former ecosystem liquidity will be used to seed the initial liquidity for $MAG
# Security 🔒
- **Non-custodial:** We never hold user funds. You always have control.
- **Permissionless:** A truly decentralized protocol—use any assets and loan configurations, free from restrictions.
- **Oracle-free:** No risk from oracle malfunctions or inaccurate data.
- **No Shared Pools:** User funds are never pooled together.
- **Reliability:** No risk of unexpected liquidations or mid-term adjustments.
# Audits 🔎
- Gas optimization report by **Gaslite**: https://gaslite-magnify-report.tiiny.site/
- Protocol security audit by **GuardianAudits**: https://github.com/GuardianAudits/Audits/blob/main/MagnifyCash/2024-03-14_MagnifyCash.pdf
# Want a Closer Look? 👁️
Check out the [Magnify Cash Protocol V1: Whitepaper and Tokenomics](https://cdn.prod.website-files.com/6642383304e03808c6c1b5dd/668cb0243b95cde16aa2ae76_Magnify%20Cash%20V1%20Protocol%20Whitepaper%20&%20Tokenomics.pdf) for a more extensive view of protocol details, technical architecture, and token allocation info!
# Upcoming Launches 🚀
**- Ethereum Mainnet:** Coming Soon (Including RWAs)
**- Base Mainnet:** Coming Soon (Including RWAs)
**- Possible upcoming L2 launches:** Abstract Chain, Blast Chain, and more
# Join the Magnify Cash Ecosystem 📲
**- Website:** https://www.magnify.cash/
**- Twitter(X):** https://x.com/MagnifyCash
**- Telegram:** https://t.me/magnifycash
**- Discord:** https://discord.gg/magnifycash
**$MAG Preview on CoinGecko:** https://www.coingecko.com/en/coins/magnify-cash
**Testnet dApp (Base sepolia testnet):** https://early.magnify.cash/
**Testnet Guide:** https://magnify.gitbook.io/magnify.cash/testnet-documentation
Sale Type
Liquidity Bootstrapping Pool
Launch Partner
Jiraiya
